How do I divide non-marital and marital assets in a collaborative divorce?

In North Dakota, the process of dividing marital and non-marital assets during a collaborative divorce requires the help of a collaborative professional. This professional can help both parties identify and divide their mutual assets, as well as define what is non-marital or marital property. Non-marital assets are those resources and possessions that were acquired either before the marriage, or after the date of separation. These assets are typically not subject to division during a collaborative divorce, and remain with the individual they belonged to before the marriage. Marital assets, on the other hand, are those that were acquired during the marriage. This includes both tangible and intangible assets, such as bank accounts, investments, real estate, furniture, and even intellectual property. Each spouse is entitled to an equal share of these assets. To divide marital assets in a collaborative divorce, the collaborative professional must assess the various assets. They will help both parties come to a mutually agreeable plan for dividing the assets in a manner that is equitable and fair to both parties. This can include assets being sold and the proceeds split, or assets being shared in a certain way, such as one party getting the home and the other getting the financial assets. The collaborative professional will also work with each party to ensure that all taxes and other liabilities are taken into account during the asset division process.

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How do I divide non-marital and marital assets in a collaborative divorce?

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